Cardano (ADA) and KangaMoon (KANG) Rally While Shiba Inu (SHIB) Loses to Bears-web3.0-php.cn

Cardano (ADA) and KangaMoon (KANG) Rally While Shiba Inu (SHIB) Loses to Bears

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Jul 12, 2024 am 10:12 AM

The crypto market is gradually recovering from the recent liquidation that dropped the prices of many altcoins. Over the past week, the price of Cardano has been on a rally, crossing the $0.4 mark.

Cardano (ADA) and KangaMoon (KANG) Rally While Shiba Inu (SHIB) Loses to Bears

Cardano (ADA) price continues to rise after rallying by 6.4% in the past week. Analysis shows the coin could rally to $0.69 soon.

Meanwhile, KangaMoon (KANG) price surged by 170% in the past week. The project combines elements of SocialFi and GameFi.

Despite the bearish crypto market, Shiba Inu (SHIB) price is still holding up. A recent announcement shows Kronos Advanced now accepts SHIB for its air purification products.

Cardano (ADA) price analysis

Cardano (ADA) price is up by 6.4% in the past week and shows strength on the weekly and monthly timeframes. Data from CoinMarketCap shows the coin is up by 4.8% in the past month.

Top crypto analysts continue to follow ADA’s price action closely as the coin makes gains.

A major analyst told his followers that Cardano coin had finally broken out of the falling wedge. They believe the price of Cardano will increase by 70% to $0.69 in the coming weeks.

His colleague also confirmed that Cardano could experience a price surge soon, giving a potential target of $0.80.

KangaMoon (KANG) price surges in its segment of the market

KangaMoon has been rallying on the price charts in the past week. Price information from trackers shows the value of KangaMoon has jumped by 170%.

The project combines elements of SocialFi and GameFi Play-to-Earn (P2E) mechanisms together to give its community a unique experience. It is building a Kangaverse game where players can participate in contests and challenges.

Currently, KangaMoon has been listed on two top exchanges, BitMart and Uniswap.

The team plans to pursue more listings in the coming weeks and bring more development to the ecosystem.

KangaMoon encourages community interaction by rewarding those who interact with its social media accounts. The project even launched a staking option for the holders of its native token, KANG, allowing them to earn annual returns.

Bears fail to allow Shiba Inu (SHIB) to make gains

While KangaMoon and Cardano are seeing profits, Shiba Inu (SHIB) bulls are losing to bears, which have stopped any upward movement in the past week.

CoinMarketCap price data shows the memecoin has losses of 4.8% and 32.7% on the weekly and monthly timeframes, respectively.

However, positive energy might return to the Shiba Inu ecosystem soon. In the latest news, a public company, Kronos Advanced Technologies, announced that it now accepts SHIB for its air purification products.

This move could increase the adoption and price of Shiba Inu in the future. Potential price targets are $0.00001803 and $0.00002103.

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